The Big Short

There are not many books I read about the securities industry where the majority of you would every make it through the first chapter, but Michael Lewis’ new book, The Big Short: Inside the Doomsday Machine, is as exciting as it is educational. The book chronicles the lives of a few individuals who saw the housing crash coming and made huge bets against subprime loans.


Mr. Lewis’ first best seller, Liar’s Poker covered a period of time back in the 80s when creative securitization of bonds emerged. The bond world is so surreal, yet Lewis was able to colorfully introduce the reader to the Darwinian world of the bond market and accurately conveys the real world of the institutional bond market no mater how unbelievable it might seem. Truth is indeed stranger than fiction.